Richard Kloster is senior vice president and chief commercial officer of AllTranstek LLC, a private transportation consulting company that provides fleet management, technical and strategic consulting to the rail industry. He also is a principal at FTR Intel, where he forecasts the rail equipment markets for a broad client base.
This time last year, the rail equipment outlook for 2017 looked promising. Freight volumes had picked up in late 2016, rail-car demand had improved and 2017 was looking like a possible recovery year. However, the pick-up was short lived and there was no recovery to be had — just a continued slogging through a shifting market with too many cars in some segments and not enough in others.
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